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227 East 105th Street

Kevin Farhadian Acquires Retail Property In New York City For $1.3M
SOLDRetail

Kevin Farhadian Acquires Retail Property In New York City For $1.3M

227 East 105th Street

$1,300,000

$517/SF

Building Size

2,511 SF

Asset Type

Retail

Closing

Feb 2, 2023

AI

The retail property located at 227 East 105th Street in New York City has been sold in a closed transaction. The property spans 2,511 square feet and was sold for a total price of $1,300,000, resulting in a price per square foot of $518.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,300,000
  • Address: 227 East 105th Street, New York City
  • Square Footage: 2,511
  • Price per Square Foot: $518

The buyer in this transaction is Kevin Farhadian, while Sean Coakley is the seller. The deal was facilitated by the brokers Jordan Sutton, Robert Shapiro, and Ian Brooks from Cushman & Wakefield.

Players

Jordan Sutton

JGS Realty GRP LLC

Broker

$246.4M

vol

33 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Sean Coakley

Seller

$20.3M

vol

3 deals

Seller

Market Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93